Medicare advantage…risk sharing…capitation… value based care…what does it all mean?!? Such jargon can be unintuitive and intimidating, and is (unfortunately) increasingly ubiquitous within the healthcare industry. This article aspires to be a high-quality 5 minute primer that’ll (1) give you a high-level overview, and (2) provide you with links to helpful resources where you can learn more. A Brief Primer on Terminology: Value Based Care (VBC): although somewhat arbitrarily defined (some define “value = (quality + outcomes) / cost”, others define “value = outcomes / cost”), the principle is simple: an emphasis on paying for tangible, long-term health outcomes that…...
A Primer on Medicare Advantage, Risk Sharing, Capitation, and Value Based Care
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